Chapter II: The Autorité de contrôle prudentiel et de résolution

No person may carry out an inspection if he has been convicted of any of the offences referred to in II of Article L. 500-1 of this Code. Before entrusting an assignment to one of the persons mentioned in I of Article R. 612-24, the Secretary General shall ensure that the prospective person is not likely to be in a conflict of interest with the person who is to be…

The persons responsible for the inspections may ask to be provided with, and inspect on the basis of documents and on the spot, all books, registers, contracts, slips, minutes, accounting records or documents relating to the situation of the person being inspected and to all the operations carried out by that person. They may obtain copies, in electronic form if necessary. They may carry out all cash and portfolio verifications….

For the application of the sixth paragraph of article L. 612-24, the summons is sent to the person concerned in the manner provided for in article R. 612-9, at least eight days before the date of the summons. It shall remind the person summoned that he or she is entitled to be assisted by persons of his or her choice.

When a panel of the Supervisory Board decides to impose a penalty payment in addition to an injunction, pursuant to Article L. 612-25, it does so in the same decision. The daily amount of the penalty payment may not exceed fifteen thousand euros. This decision is notified to the person concerned in the manner provided for in article R. 612-9 . In the event of total or partial non-compliance or…

The decision to extend the scope of supervision provided for in article L. 612-26 is brought to the attention of the person to whom the scope of supervision is extended by letter sent in the manner provided for in article R. 612-9.

The Autorité de contrôle prudentiel et de résolution has four months to rule on an application for approval of all or part of a code of conduct submitted pursuant to Article L. 612-29-1. During this period, it may decide to extend this period to six months.

The approval decision provided for in article L. 612-29-1 is published in the Journal officiel de la République française.

I. – The Autorité de contrôle prudentiel et de résolution shall be notified of the appointment or reappointment of the natural persons mentioned in I and II of Article L. 612-23-1 within fifteen days of their appointment or reappointment. The undertakings mentioned in I and II of Article L. 612-23-1 shall send the Autorité de contrôle prudentiel et de résolution a file, the content of which shall be determined by…

The request for an opinion referred to in IV of Article L. 612-23-1 must be sent to the Autorité de contrôle prudentiel et de résolution no later than two months and no earlier than six months before the appointment or reappointment of the persons concerned is due to take place. To this end, a file shall be sent to the Autorité, the content of which shall be determined in accordance…